In Advantage Financial, the check reconciliation process is used to maintain consistency between the bank records and the disbursement records within the Advantage system. The check reconciliation process maintains consistency by updating a check's status, as well as checking for discrepancies between the check data in Advantage Financial and the check data at the bank.
Checks in Advantage Financial can be reconciled with the bank in one of two ways, either manually or automated. You can manually modify the status of Disbursed / Warranted checks directly on the Check Reconciliation table. Or, you can use the Automated Check Reconciliation batch process to update check statuses and report exceptions.
In order to better understand the Check Reconciliation process, you will need to know the following:
Refer to the following topics for additional information: